Master’s Degree Programmes

Graduate Program in Economics (Master of Arts Degree):
The M.A. Program in Economics aims to equip its students from various backgrounds with the ability to understand, use, or extend research in economics. Graduates are typically placed as analysts or economists in either state or private institutions or continue with their Ph.D. studies in different parts of the world. Core theory courses in graduate Microeconomics, Macroeconomics, and Econometrics are complemented by field courses that are shared with the doctoral program.

Admission Requirements:
• Istanbul Technical University Senate’s Admission Requirements (see:
• A minimum of 80 from ALES (equally weighted) or 700 (or 155 new scale) from GRE (quantitative) or 600 from GMAT
• A GPA of 2.75 (out of 4) or 71 (out of 100)
• 2 reference letters

Courses (Note: Courses that has the letter E next to its code is in English. The other courses are in Turkish.):

1st Semester

IKT501 Microeconomics I 
IKT503 Macroeconomics I 
IKT505 Research Methods in Economics I 
IKT589 Seminar (No credits)

2nd Semester
IKT502E Microeconomics II
IKT504E Macroeconomics II
IKT506E Research Methods in Economics II
IKT588 Seminar (No credits)

3rd Semester

IKT599 Masters Thesis
IKT597 Specilization Course 

Elective Courses
IKT510E International Economics
IKT511E Game Theory
IKT512 Monetary Economics
IKT513E Macroeconomics of Employment
IKT514E Industrial Economics
IKT515 Income Distribution and Poverty
IKT516 Public Economics
IKT517 Interindustrial Economics
IKT518 Forecasting Methods
IKT519 History of Economic Thought
IKT521 History of Turkish Economy
IKT522 Panel Data and Cross Section Models
IKT523 Environmental Economics
IKT524E Current Macroeconomic Issues in the World Economy
IKT526 Economic Integration and European Union
IKT527 Economic Globalization
IKT528E Transport Economics
IKT525E Development Economics

Executive Committee:
Prof. Fuat Erdal
Assoc. Prof. Sencer Ecer
Dr. Tolga Yuret

Program Structure:
The students should successfully complete 27 credits, 2 seminar courses (no credits –and in one of which the thesis topic should be presented) and a thesis should be submitted. There are 6 core courses (18 credits) and three electives (9 credits). Under normal conditions a student is able to graduate in three semesters. Under special conditions a student can ask for additional time with the advice of his/or her supervisor and the approval of the administrative board if he or she has completed course work within 4 semesters with a GPA of minimum 3.00 and has done his or her seminar on the thesis topic.